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China to Strengthen Support of MSEs
China’s State Council released the “Opinions on Further Supporting the Sound Development of Micro and Small-Sized Enterprises (MSEs) (guofa [2012] No.14)” on April 19, which puts forward 29 supporting measures in 8 areas for the development of MSEs in the country. Detailed information can be found below.
China Releases Circular to Revise and Repeal Certain Administrative Regulations
China’s State Council released the “Decision on Revising and Repealing Certain Administrative Regulations (Order No.628 of the State Council, hereinafter referred to as the ‘Decision’)” on November 9, which revises certain provisions within five administrative regulations and repeals five administrative regulations. Key information taken from the Decision can be found below.
Hague Conference Establishes Asia-Pacific Regional Office in Hong Kong
The Hague Conference on International Private Law (HCCH), the world’s leading intergovernmental organization in the field of private international law, established its first Asia-Pacific regional office in Hong Kong today.
China Releases Circular on Taxable Services Scope of VAT Reform
China’s Ministry of Finance and the State Administration of Taxation released “The Supplementary Circular on the Scope of Taxable Services and Several Other Tax Policies in the Pilot Collection of Value Added Tax (VAT) in Lieu of Business Tax in the Transportation Industry and Certain Modern Services Industries (caishui [2012] No. 86, hereinafter referred to as the ‘Circular’) on December 4, which clarifies a collection of relevant tax policies regarding the VAT reform in its target industries. Detailed information can be found below.
China Releases Announcement on Export Quotas of Rare Earth
China’s Ministry of Commerce (MOC) released the “Announcement on the Application Conditions and Procedures for Export Quotas of Rare Earth in 2013 (Announcement [2012] No.86)” on November 27, clarifying the application conditions and procedures of export quotas for rare earth production enterprises and circulation enterprises. Detailed information can be found below.
China Law Deskbook Legal Update – December 2012
Jim Zimmerman, the China managing partner of U.S. law firm Sheppard Mullin, is a good friend of China Briefing and is also both the Chairman Emeritus of Amcham China and the author of the China Law Deskbook – considered by many to be the bible of China law. Jim has recently introduced a regular update service to the China Law Deskbook and has kindly given permission for China Briefing to host it here.
China Releases Announcement on Consumption Tax Policies
China’s State Administration of Taxation (SAT) released the “Announcement on Certain Issues Related to Consumption Tax Policies (Announcement [2012] No. 47, hereinafter referred to as ‘Announcement’)” on November 6, 2012.
China’s SAFE Releases Circular on Foreign-Invested Partnership Enterprises
With the view to facilitate foreign investment and standardize the administration of foreign exchange for foreign-invested partnership enterprises, China’s State Administration of Foreign Exchange (SAFE) released the “Circular on Issues Concerning the Administration of Foreign Exchange of Foreign-Invested Partnership Enterprises (huifa [2012] No. 58, hereinafter referred to as ‘Circular’)” on November 19, 2012.
China’s SAFE Releases Circular on Foreign-Invested Partnership Enterprises
With the view to facilitate foreign investment and standardize the administration of foreign exchange for foreign-invested partnership enterprises, China’s State Administration of Foreign Exchange (SAFE) released the “Circular on Issues Concerning the Administration of Foreign Exchange of Foreign-Invested Partnership Enterprises (huifa [2012] No. 58, hereinafter referred to as ‘Circular’)” on November 19, 2012.
China’s SAT Issues FAQs Relating to Tax Payments: Part III
China’s State Administration of Taxation (SAT) issued another set of frequently asked questions relating to tax payments on November 27, 2012. The answers provided are based on existing regulations. Detailed information can be found below.
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